Good News For Republicans!

  • Posted by a hidden member.
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    Apr 25, 2015 10:52 PM GMT
    94 percent of Americans don't know the budget deficit is getting smaller


    In fiscal year 2010, which was President Obama's first full fiscal year in office, the budget deficit was $1.3 trillion. In fiscal year 2013, the Congressional Budget Office projects it will be $845 billion. That's a 35 percent decrease


    http://www.dailykos.com/story/2013/02/23/1189059/-94-percent-of-Americans-don-t-know-the-budget-deficit-is-getting-smaller?detail=emailclassic

    I'm sure Republicans will use this to their advantage!
  • roadbikeRob

    Posts: 14310

    Apr 26, 2015 4:06 PM GMT
    The only good news for the GOP would be that all the narrow minded bible thumping screwballs were permanently kicked out of the party.
  • metta

    Posts: 39090

    Apr 27, 2015 1:04 AM GMT
    It still needs to come down but not at dangerous rates that would put the health of the economy at risk. As our population ages and we have less and less people in the workforce due to retirement, it will make it more difficult to do. On top of that, we have Millenials that have less of them wanting homes and less of them with credit cards than previous generations. Real estate has historically been a very important part of the economy in the US.



    A History of Surpluses and Deficits in the United States


    http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php
  • monet

    Posts: 1093

    Apr 27, 2015 2:08 AM GMT
    The only good news for the GOP is that they get to try again in 2024 when Hillary leaves office.
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    Apr 27, 2015 3:46 AM GMT
    monet saidThe only good news for the GOP is that they get to try again in 2024 when Hillary leaves office.


    Don't count your chickens before the Republicans drain every cent out of the bible thumpers, earth destroyers and corporate demons to get their way.

    It will be scare scare scare the ignorant sheep of America as normal with the "liberal" and "left" demonization.

    It doesn't matter who is in office, congress is a complete waste of life as they get paid mountains of money to do absolutely nothing and go on numerous vacations.
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    Apr 27, 2015 4:19 AM GMT
    NYT: Congressional Budget Office has marked its forecast for the next decade down by 20 percent. Remember the jeering when President Obama declared that he would cut the deficit in half by the end of his first term? Well, a sluggish economy delayed things, but only by a year. The deficit in calendar 2013 was less than half its 2009 level, and it has continued to fall.

    http://www.nytimes.com/2015/03/20/opinion/paul-krugman-trillion-dollar-fraudsters.html
  • Svnw688

    Posts: 3350

    Apr 27, 2015 6:56 AM GMT
    Most GOPers still don't know the difference between the deficit and the national debt. icon_rolleyes.gif
  • Sincityfan

    Posts: 409

    Apr 27, 2015 7:54 PM GMT
    Svnw688 saidMost GOPers still don't know the difference between the deficit and the national debt. icon_rolleyes.gif

    I'm still waiting for southbitch to chime in.
  • tj85016

    Posts: 4123

    Apr 27, 2015 8:35 PM GMT
    Svnw688 saidMost GOPers still don't know the difference between the deficit and the national debt. icon_rolleyes.gif


    Dick Cheney told them it doesn't matter icon_lol.gif
  • Posted by a hidden member.
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    Apr 28, 2015 2:44 AM GMT
    The CBO has been warning of a financial crisis:

    http://online.barrons.com/articles/u-s-budget-deficit-gets-scarier-1429322574
  • bobbobbob

    Posts: 2812

    Apr 28, 2015 9:20 PM GMT
    Note the OP references DailyKos are a source. That in itself undermines any credibility since they are renowned only as a source or leftist propaganda.

    Of course the budget "appears" to be going down dummies!!!! That's the good thing about a government printing Fiat Money. The bad thing is that it makes domestic prices rise and at the same time wage buying power decrease.

    Nothing good or newsy about that to anyone but maybe you guys who rely on Dailykos for your imitation brainfood. We've known about the Fiat money since before the 2nd stimulus bill.
  • Posted by a hidden member.
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    Apr 28, 2015 9:26 PM GMT
    Bob: According to the Congressional Budget Office, the reason why the deficit is going down is because healthcare spending has been reversed due to Obamacare not because it is printing money.
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    Apr 28, 2015 9:52 PM GMT
    I will use FOX News if the information is true. You can argue the veracity of the news network, but not the facts.

    If you don't like the Daily Kos so be it. It doesn't make the truth less valid.
  • Svnw688

    Posts: 3350

    Apr 28, 2015 10:06 PM GMT
    woodsmen saidBob: According to the Congressional Budget Office, the reason why the deficit is going down is because healthcare spending has been reversed due to Obamacare not because it is printing money.


    The NONPARTISAN CBO icon_lol.gif
  • bobbobbob

    Posts: 2812

    Apr 29, 2015 1:56 AM GMT
    LOL...
    I wish I'd taken the time to read it before I commented.

    SAT FEB 23, 2013 AT 08:00 AM PST
    The article consists of EIGHT SENTENCES, including a link to the Federal budget for goddamn 2012. a link to a 2nd Daily Kos article. of only 15 SENTENCES from TUE FEB 05, 2013 AT 01:09 PM PST about CBO projections of a lower deficit.
    Nowhere in the article was there a sentence attributing Obamacare with bringing down the deficit.

    So what timm is doing in the OP when he says/quotes art of it... all the hell he's doing is quoting PROJECTIONS OF A POSSIBLE 36% DECREASE IN THE DEFICIT BY THE CBO AS FACT.

    All that had to be done was search for 2013 budget deficit to get the end results on the matter.
    The deficit for 2012 was $1.1 Trillion
    The deficit for 2013 was....$680 Billion
    The deficit declined by.......$420 Billion
    http://money.cnn.com/2013/10/30/news/economy/deficit-2013-treasury/index.html
    No mention of Obamacare being a factor in bringing down the deficit.

    According to CNN Money several things helped bring the budget down.
    improving economy
    a mix of fiscal restraint -- primarily, the expiration of stimulus measures, the imposition of across-the-board budget cuts known as the sequester, and tax increases on high-income households during the 2013 fiscal year, which ended September 30.
    Fannie Mae (FNMA) and Freddie Mac (FMCC) paid back a large part of the $187 billion federal bailout the mortgage giants received, starting in 2008, to help them weather the housing crisis.
    total interest payments -- $415.6 billion -- were moderate relative to the amount of outstanding debt and GDP, but were nearly 16% higher than in 2012.

    No mention of Obamacare being a factor in bringing down the deficit.

    http://www.forbes.com/sites/stancollender/2014/09/16/the-federal-budget-deficit-has-disappeared-really/?&_suid=14302720868980060831663897261024













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    Apr 29, 2015 2:30 AM GMT
    Well, Bob, Am using 2015 article. Not sure why you are using 2013 information and complained about the OP's dated information. 2014 was the first full year of Obamacare in which all spending provisions are executed.

    thehill.com: The law’s insurance provisions are now expected to cost $571 billion through 2019 — a drop of about $139 billion from the government's earliest estimates five years ago, according to new estimates by the Congressional Budget Office (CBO).

    The estimates released today by CBO once again confirm the progress we’ve made in bringing down deficits and expanding access to healthcare under the Affordable Care Act," said deputy press secretary Eric Schultz in a statement.

    http://thehill.com/policy/healthcare/230752-budget-office-again-lowers-obamacare-price-tag
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    Apr 29, 2015 10:30 AM GMT
    Bob has selective hearing and selective quoting.
  • bobbobbob

    Posts: 2812

    Apr 29, 2015 12:12 PM GMT
    woodsmen saidWell, Bob, Am using 2015 article. Not sure why you are using 2013 information and complained about the OP's dated information. 2014 was the first full year of Obamacare in which all spending provisions are executed.

    thehill.com: The law’s insurance provisions are now expected to cost $571 billion through 2019 — a drop of about $139 billion from the government's earliest estimates five years ago, according to new estimates by the Congressional Budget Office (CBO).

    The estimates released today by CBO once again confirm the progress we’ve made in bringing down deficits and expanding access to healthcare under the Affordable Care Act," said deputy press secretary Eric Schultz in a statement.

    http://thehill.com/policy/healthcare/230752-budget-office-again-lowers-obamacare-price-tag


    I used the 2013 dailykos link provided in the OP by timmm55 to show it was hardly a credible journalism.

    I went on to do more research than timmm55 did and provided links to prove the deficit is indeed going down.

    However I did not find any information linking any of the decreases in the deficit to Obamacare. I read the article you provided from TheHill and it sounds encouraging...

    However my skepticism is based in past performance. Should ACA actually reduce the deficit in the long run and continue to cost less than both CBO and GAO estimates it will be the FIRST time that has happened with any government administered program of this nature.

    I'm not rushing to celebrate until we know more.
  • bobbobbob

    Posts: 2812

    Apr 29, 2015 12:17 PM GMT
    timmm55 saidBob has selective hearing and selective quoting.


    ^^^^^^^^^ I don't worry about timmm's verbal bowel movements.
    They come from someone who in indiscriminate and irresponsible about making accusations against others that he never attempts to prove.